Thursday, October 13, 2011

Quick Overview


  • (FT) Chinese copper inventories stood at 1.9m tonnes at the end of 2010, more than the US consumes in a year. The estimate is significantly higher than the 1.0m-1.5m tonnes range foreign executives had assumed and may indicate lower demand than thought.


  • Western Europe's cocoa grind rose 14.0% YoY


  • The USDA raised its world wheat stock estimated to 202.4m tonnes -- the highest for 10 years.


  • Google's earnings rose 29%.


  • Thai authorities are battling to keep the country's worst floods in decades from inundating Bangkok, urging the city's 12 million residents not to panic after a dyke burst in the northern suburb.


  • The U.S. Labor Department said that the advance figure for seasonally adjusted initial claims for jobless benefits was 404,000 in the week ending Oct. 8, a decrease of 1,000 from the previous week.


  • Australia's unemployment rate fell to 5.2% in September, down from a 10-month high of 5.3% in August


  • U.K. unemployment rate in the June-August period stood at a depressing 8.1%, the highest in 15 years.


  • MoM the Eurozone industrial production rose by 1.2%, and 5.3% YoY.

  • North American railcar owners pulled 11,087 more units out of storage

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